Is 49090, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49090 was a Seller's Market.
Housing Prices in 49090, MI
How much do homes in 49090, MI cost?
Median Sold Price
$405,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49090 was $405,000 in March 2024, up 9.5% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.9K | $285K | +18.8% |
2 Bedrooms | $334.9K | $360K | +7.5% |
3 Bedrooms | $320K | $349.9K | +9.4% |
4 Bedrooms | $469K | $500K | +6.6% |
5+ Bedrooms | $813.4K | $740K | -9.0% |
Summary: 49090 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Zip Codes
49013 | $162K | $186.5K | +15.1% |
49090 | $370K | $405K | +9.5% |
49450 | $180K | $162.5K | -9.7% |
Housing Supply in 49090, MI
How many homes are available in 49090, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 94 | +13.3% |
Summary: The 49090 real estate market had 94 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 21 | 30 | +42.9% |
Summary: The 49090 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 49090 in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for 49090, MI
How long does it take to sell a home in 49090, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 47 Days | -30.2% |
Summary: Homes in 49090 had an average of 47 days on market in Mar 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 49090; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.